Berkshire Hathaway acquires Russell Corporation

Berkshire Hathaway acquired Russell Corporation for $18.00/share, a transaction announced in April 2006, structured as Cash merger; subject to stockholder and regulatory approvals (expected to close in Q3 2006)..

Russell Corporation operates in Consumer products (athletic and sporting goods apparel), is based in United States (headquartered in Atlanta, Georgia). Berkshire Hathaway executed a definitive merger agreement to acquire Russell Corporation, a leading branded athletic and sporting goods company that markets apparel, uniforms, footwear and equipment. Russell's brands include Russell Athletic, JERZEES, Spalding, Brooks, Huffy Sports, Bike, Moving Comfort, AAI and Mossy Oak. Stockholders were to receive $18.00 per share in cash.

Places Russell in a stronger financial position to compete against worldwide competitors across apparel, sports equipment and athletic footwear.

Advisory firms were not disclosed for this transaction.

You're subscribed.

Thanks for signing up.